2019 2018 Income Statement (in Thousands) Revenues $k $ 14,250 Cost of goods sold 11,090 a Other expenses 1,280 1,250 Income before income taxes 1,570 2,120 742 Income taxes (35%) $ m $b Net income Statement of Retained Earnings Beginning balance $ n$ 2,730 Not incama Print Done Data Table Statement of Retained Earnings Beginning balance Net income $ n$ 2,730 o Dividends declared (88) (90) $p $ $ d Ending balance Balance Sheet Assets Cash $ 9 $ e Property, plant, and equipment 1,587 1,336 12,032 r Other assets $ $ $ 14,538 Total assets Print Done - Data Table Liabilities Current liabilities $t $ 5,710 Long-term debt 4,750 3,330 965 Other liabilities 1,110 Total liabilities $ 9,350 $ f Stockholders' equity: Common stock $ 250 $ 250 Retained earnings u g 120 130 Other stockholders' equity V Total stockholders' equity 4,388 $ w $ h Total liabilities and stockholders' equity Print Done Data Table - 130 120 Other stockholders' equity V Total stockholders' equity 4,388 $ w $ h Total liabilities and stockholders' equity Cash Flow Statement $ x $ 850 Net cash provided by operating activities Net cash used in investing activities (240) (590) (400) (540) Net cash used in financing activities Increase (decrease) in cash (100) i Cash at beginning of year y 1,260 $ z $ Cash at end of year Print Done Clear All